Lava Network: Main Network Coming Soon
In a post on the X platform, Lava Network said that the mainnet will go live soon and more details will be announced soon.
The announcement comes after Lava Network, a developer of modular blockchain infrastructure, unveiled the economics of its LAVA tokens on April 26, 2011, with a total supply of 1 billion tokens and a deflationary mechanism for attracting API providers in the initial stages of the mainnet. 15% of the tokens will be used for future incentive programs (e.g. airdrops), 6.6% of the tokens will be used for monthly distribution of Provider Drops, 3.4% of the tokens will be used for Validator Rewards, 31% of the tokens will be used for RD Ecology, 17% of the tokens will be distributed to early investors, and 27% of the tokens will be distributed to early contributors, core team, advisors, etc.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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